Trump Effect: Nvidia to build $500 billion worth of AI supercomputers in US amid tariff scare

Nvidia has announced plans to invest up to $500bn (£378bn) in artificial intelligence infrastructure in the United States over the next four years, signalling a major shift towards domestic production amid growing trade uncertainty under Donald Trump’s proposed tariff regime.

The move comes after Trump renewed his threats to impose import duties on semiconductors, which could impact Nvidia’s Taiwan-based supply chain. The decision also follows a dinner between Nvidia chief executive Jensen Huang and the US president at Trump’s Mar-a-Lago resort earlier this month.